Form 4: Werner Enterprises Exec VP and COO Eric Downing Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Eric Downing, Executive VP and COO of Werner Enterprises, disposed of 581 shares of common stock on February 23, 2025, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On February 23, 2025, Eric J. Downing, Executive VP and COO of Werner Enterprises Inc., disposed of 581 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of 1,256 shares of restricted stock granted on February 23, 2023.
- The shares were disposed of at a price of $33.7 per share.
- Following the transaction, Downing beneficially owns 52,125.439 shares of Werner Enterprises Inc. common stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations, not indicative of a change in the executive's confidence in the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like Eric Downing, transact in their company's stock. These filings provide transparency to the market regarding the buying and selling activities of individuals with access to non-public information.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of grant of 1,256 shares of restricted stock to Eric J. Downing. |
| 02/23/2025 | Date of transaction: Disposal of 581 shares to cover tax obligations. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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